Intermediary News

New lower BTL Rental Rates across our product range

We have today reduced the Rental Rates across our entire Buy-to-Let product range.

Our products are available to UK residents, UK Expats and International residents looking to purchase or refinance their property in England or Wales.

Key product highlights include:

  • Rental Rate reductions across the entire BTL product range
  • UK Expat and International resident 5 year fixed terms reduced to 3.99%
  • UK BTL 5 year fixed rental rates from 3.65% and 2 year fixed rental rates from 3.19%
  • Products available for individuals, corporates, UK Expats and International residents
  • Portfolio Landlords – no limit on the number of properties
  • No early payment charges on any product

Selected HPP products withdrawn

We have today also withdrawn our 50% FTV HPP products for UK residents, UK Expats and International residents following a review of our HPP product range.

Finance Criteria Amendments

We have also updated our finance criteria to provide more clarity for our Home Purchase Plan (HPP), Buy-to-Let (BTL) and Commercial Property Finance products as follows:

  • Re-finance is not available to customers on properties acquired within the previous six months (unless financed via bridging finance).
  • The financing basis offered will be based on the purchase price or valuation, whichever is the lower.

View new Buy-to-Let products